BullToken’s First Investment Made With CRYPTO20
This year, in the month of March, as a community we voted favorably that it is the right time for us to begin the investment process. The BCP members submitted several promising projects for the community to invest in. During the 14-day voting block, The community has chosen CRYPTO20 as our very first investment project.
What is Crypto20?
CRYPTO20 is an autonomous crypto-only index fund that tracks the top 20 cryptocurrencies in the same way the S&P500 tracks the top 500 US company stocks. C20 is the fund’s token, and represents an investor’s share in the fund. Token-holders are able to liquidate the C20 token for their share of the underlying assets via the smart contract. CRYPTO20 is a finished product and is fully legally compliant; 98% of ICO funds go towards buying the underlying assets.1
How much are investing in Crypto20?
The investment in Crypto20 is in alignment with the investment mandate previously set forth in the whitepaper:
BullToken will balance investments as
- 80% of investments in emerging projects and ICOs
- 20% of investments in existing coins and projects
The total amount that the community has invested in the
CRYPTO20 project is 115,5 ETH. The IAB will execute the transaction on behalf of the community over the next few days.
Feel free to follow along on this address: https://etherscan.io/address/0xda8b792d7a7a58100d23b8bd3bbdfc428aa58395